Mike Tyson has been through a little bit of everything in his career including bankruptcy. Looks as if Tyson is once again on the wrong end of shady handlers. The former heavy weight champion and his wife are suing their former financial advisors they claim embezzled more than $300,000 from them … and ultimately cost them around $5 million.
Tyson claims the missing funds caused him to not only borrow money to pay back the IRS, but also mortgage his home to pay bankruptcy lawyers. Also in the court documents, SFX acknowledged the situation and returned a portion of the money but wanted Tyson to sign a settlement. Clearly he said NO.
In the docs, Tyson says SFX admitted Ourand embezzled the $300k … returned a portion of the funds — and then tried to get the Tysons to sign a settlement.
Ourand is currently in Miami working for another financial institution.